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Holiday Demand Uplifts Diamond Trade
RAPAPORT PRESS RELEASE, December 1, 2020, Las Vegas… Diamond market sentiment improved in November amid rising expectations for the holiday season. A recovery in China and robust sales during India’s Diwali festival also lifted...
Polished Markets Dec 01, 2020 Rapaport
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Dec 01, 2020 Rapaport News
Looking at polished diamond through loupe at Almod
De Beers Aims for Full Traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
Retail Nov 30, 2020 Rapaport News
Marcus Ter Haar Okavango
Okavango Diamond Chief Resigns
Marcus ter Haar stepped down last week as managing director of Okavango Diamond Company (ODC), the Botswana parastatal confirmed with Rapaport News. Ter Haar joined ODC as deputy managing director when the company...
Rough Markets Nov 26, 2020 Avi Krawitz
Petra De Beers Blue Diamonds 150
De Beers Buys Petra Blue Diamonds for $40M
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.The miner bought the Letlapa Tala collection together with South African...
Mining Nov 25, 2020 Rapaport News
Interior establishing shot of Forevermark Store in
Forevermark to Make Greater Use of De Beers Name
De Beers will associate its corporate identity more closely with Forevermark, enabling the diamond-jewelry brand to benefit from group-wide efforts in the realm of sustainability and responsible sourcing.“Aligning Forevermark more closely with the De Beers...
Retail Nov 24, 2020 Rapaport News
Synova 150
Fancy Shapes Get Automation Boost
Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes. The company, which is part-owned by De Beers, unveiled the DaVinci Diamond Factory last year at the Dubai Diamond Conference. Synova...
Manufacturing Nov 23, 2020 Leah Meirovich
Sothebys De Beers 150
Sotheby’s to Auction De Beers Jewels for Charity
Sotheby’s will sell five natural-diamond pendants created for De Beers’ new ReSet Collective project, with the proceeds going to charity, the auction house said Wednesday.Five jewelry designers created the pieces using natural...
Polished Markets Nov 18, 2020 Rapaport News
De Beers rough sorting at Debmarine Namibia
De Beers Sees Third Consecutive Sales Increase
De Beers’ November sales cycle garnered $450 million as retail demand in the US and China supported manufacturers’ appetite for rough, the company reported Wednesday.The monthly total, covering the period from November 2 to 16, was...
Rough Markets Nov 18, 2020 Rapaport News
De Beers rough at De Beers Jewellers
De Beers Reshuffles Branding, Corporate Units
De Beers has combined two of its London-based divisions into a new unit focused on consumer brands and social purpose.The consumer and brands department and the corporate affairs team have merged into one division...
Retail Nov 17, 2020 Rapaport News
Jonathan Kendall, De Beers
De Beers Exec Jonathan Kendall to Retire
Jonathan Kendall, a key executive in De Beers’ downstream activities, will retire at the end of the year following two decades with the business.Kendall was most recently president of De Beers Group Industry Services — the miner’s grading...
Mining Nov 15, 2020 Rapaport News
Damtshaa mine De Beers
De Beers to Stop Production at Botswana Mine
Debswana, De Beers’ joint venture with Botswana, will pause mining at the Damtshaa deposit for an indefinite period, citing a lack of financial viability given market conditions.“In the current environment, the marginal cash flow produced...
Mining Nov 11, 2020 Rapaport News
De Beers Insight Report Nov 2020
De Beers: Recovery to Extend ‘Well Beyond 2020’
The diamond sector’s rebound from the Covid-19 crisis will feature ups and downs that will continue into next year at least, De Beers predicted.“The demand recovery is not expected to be linear, particularly as localized lockdowns...
Retail Nov 10, 2020 Rapaport News
Gahcho Kue
Mountain Province Sees Drop in Quarterly Sales
Mountain Province’s revenue fell 14% year on year to CAD 47.3 million ($36.1 million) in the third quarter as Covid-19 limited the miner’s ability to sell rough.The company held only one standard sale during the...
Mining Nov 05, 2020 Rapaport News
Forevermark Engagement Ring
Diamond Market Cautious Ahead of Holidays
RAPAPORT PRESS RELEASE, November 3, 2020, Las Vegas… The diamond market continued to improve in October as holiday orders picked up. Supply shortages helped buoy prices of 1-carat and larger stones. However, the positive sentiment...
Polished Markets Nov 03, 2020 Rapaport
De Beers rough diamonds
De Beers Lets Sightholders Defer Smaller Goods
De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
Rough Markets Nov 02, 2020 Joshua Freedman
Blue Nile Lightbox 150
Blue Nile to Sell Lightbox Lab-Grown Diamonds
Blue Nile has launched an exclusive line of Lightbox lab-grown diamond jewelry, its first foray into synthetics in its 21-year history.De Beers-owned Lightbox seemed like the obvious choice for a partner, given the alignment...
Retail Oct 29, 2020 Leah Meirovich
Students learning to sort rough diamonds in De Bee
De Beers Delays New Sightholder Contract
De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
Rough Markets Oct 26, 2020 Joshua Freedman
De Beers Diamond Jewellers Ring
Preparing for a Holiday Season Like No Other
Rapaport’s quarterly Diamond Trends Webinar outlined the key developments the trade should look out for during the holiday season and 2021.The webinar, presented last week by Rapaport Senior Analyst Avi Krawitz,...
Polished Markets Oct 26, 2020 Rapaport News
Rough diamonds in Calgary offices De Beers
De Beers Notes Recovery Ahead of Holidays
De Beers’ sales and production rebounded in the third quarter as the impending holiday season revitalized the diamond market following months of slow sales.Rough sales totaled 6.6 million carats during the three months ending...
Mining Oct 22, 2020 Rapaport News
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